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Oct. 5, 2018, 6:57 a.m. EDT

Asian markets led lower by tumbling tech stocks

Nikkei sags as yen gains; Apple suppliers fall in Hong Kong, Taiwan as spying saga lingers

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By Dow Jones Newswire


Bloomberg News
Foxconn employees work on n assembly line in Shenzhen, China. Foxconn shares fell over 1% Friday.

Asian stock markets dropped Friday, as a global selloff for tech stocks continued in the region amid reports that Chinese spy chips were implanted in products sold outside the country.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.96%   fell 0.8% following an overnight rebound in the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.1385%  . As tech stocks sagged in the U.S., chip-equipment maker Tokyo Electron /zigman2/quotes/202883609/delayed JP:8035 -0.80%   dropped 2.6% and was at one-year lows. Electronics, consumer goods and energy stocks led the declines. Financials were higher, though, as U.S. bond yields continued to rise, causing equity-investor concerns but being seen as good for lenders and heavy bond investors. Life insurer T&D /zigman2/quotes/208425761/delayed JP:8795 -0.74%   was up 1.5% while bank Resona /zigman2/quotes/203178794/delayed JP:8308 -1.60%  rose 2%. Meanwhile, electronics maker TDK /zigman2/quotes/208948266/delayed JP:6762 +0.20%   and cosmetics firm Shiseido /zigman2/quotes/207601624/delayed JP:4911 -0.42%   were down 3%- 4%.

Hong Kong stocks continued to drop after Thursday’s skid left the Hang Seng Index below the Dow industrials on a closing basis for the first time since April 2013. The benchmark /zigman2/quotes/210598030/delayed HK:HSI -0.80%   was down 0.2%, off its worst levels of the session. Tencent /zigman2/quotes/204605823/delayed HK:700 +3.10%   was down 1.1% and at fresh year-plus lows. Insurer AIA /zigman2/quotes/203565558/delayed HK:1299 -0.85%   fell, putting the week’s swoon at about 10%. But HSBC /zigman2/quotes/202687335/delayed HK:5 -1.01%   was up almost 1%. A number of Apple Inc. suppliers, such as AAC Technologies /zigman2/quotes/201441510/delayed HK:2018 -0.53%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.25%  , saw their shares sink following a Bloomberg News report that China may have secretly planted spy chips in some servers used by Apple /zigman2/quotes/202934861/composite AAPL +0.88%   and Amazon.com Inc /zigman2/quotes/210331248/composite AMZN -1.85%  . Both American tech giants strongly denied the report.

Apple suppliers Foxconn /zigman2/quotes/204111604/delayed TW:2354 -0.40%  and Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -1.33%  fell as well, weighing down Taiwan’s Taiex  .

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.33%   slipped 0.3%, as Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.82%   shed early gains to drop into the red despite forecasting record operating profit in the third quarter.

Australia was again the lone gainer in the region, as the ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.21%   rose slightly. Benchmarks in New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.33%  and Singapore /zigman2/quotes/210597985/delayed SG:STI +0.31%   fell, while Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.15%   was about flat. Markets in mainland China remained closed for a weeklong holiday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,942.14
-280.63 -0.96%
Volume: 0.00
Aug. 18, 2022 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
135.2500
+0.1870 +0.1385%
Volume: 0.0000
Aug. 18, 2022 4:33a
loading...
/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 45,920.00
-370.00 -0.80%
Volume: 1.07M
Aug. 18, 2022 3:00p
P/E Ratio
16.91
Dividend Yield
3.65%
Market Cap
¥7228.95 billion
Rev. per Employee
¥129.55M
loading...
/zigman2/quotes/208425761/delayed
JP : Japan: Tokyo
¥ 1,467.00
-11.00 -0.74%
Volume: 1.14M
Aug. 18, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
4.23%
Market Cap
¥801.41 billion
Rev. per Employee
¥189.87M
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/zigman2/quotes/203178794/delayed
JP : Japan: Tokyo
¥ 510.10
-8.30 -1.60%
Volume: 7.83M
Aug. 18, 2022 3:00p
P/E Ratio
11.22
Dividend Yield
4.12%
Market Cap
¥1226.38 billion
Rev. per Employee
¥41.75M
loading...
/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 5,070.00
+10.00 +0.20%
Volume: 2.64M
Aug. 18, 2022 3:00p
P/E Ratio
10.57
Dividend Yield
2.09%
Market Cap
¥1906.35 billion
Rev. per Employee
¥17.06M
loading...
/zigman2/quotes/207601624/delayed
JP : Japan: Tokyo
¥ 5,519.00
-23.00 -0.42%
Volume: 1.84M
Aug. 18, 2022 3:00p
P/E Ratio
29.04
Dividend Yield
1.81%
Market Cap
¥2207.97 billion
Rev. per Employee
¥28.91M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
19,763.91
-158.54 -0.80%
Volume: 1.59M
Aug. 18, 2022 4:08p
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 312.60
+9.40 +3.10%
Volume: 32.21M
Aug. 18, 2022 4:08p
P/E Ratio
14.18
Dividend Yield
0.51%
Market Cap
$2880.08 billion
Rev. per Employee
$5.99M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
$ 75.50
-0.65 -0.85%
Volume: 18.65M
Aug. 18, 2022 4:08p
P/E Ratio
15.81
Dividend Yield
1.93%
Market Cap
$913.05 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
$ 50.45
-0.51 -1.01%
Volume: 14.53M
Aug. 18, 2022 4:08p
P/E Ratio
9.63
Dividend Yield
4.20%
Market Cap
$1040.97 billion
Rev. per Employee
$2.57M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 14.96
-0.08 -0.53%
Volume: 2.50M
Aug. 18, 2022 4:08p
P/E Ratio
11.40
Dividend Yield
1.34%
Market Cap
$18.01 billion
Rev. per Employee
$566,423
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 119.70
-0.30 -0.25%
Volume: 3.31M
Aug. 18, 2022 4:08p
P/E Ratio
29.62
Dividend Yield
0.93%
Market Cap
$131.87 billion
Rev. per Employee
$1.70M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 174.55
+1.52 +0.88%
Volume: 79.54M
Aug. 17, 2022 4:00p
P/E Ratio
28.84
Dividend Yield
0.53%
Market Cap
$2780.72 billion
Rev. per Employee
$2.52M
loading...
/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 142.10
-2.68 -1.85%
Volume: 48.15M
Aug. 17, 2022 4:00p
P/E Ratio
127.17
Dividend Yield
N/A
Market Cap
$1474.95 billion
Rev. per Employee
$302,178
loading...
/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 50.20
-0.20 -0.40%
Volume: 1.26M
Aug. 18, 2022 1:30p
P/E Ratio
18.44
Dividend Yield
3.39%
Market Cap
NT$71.29 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 520.00
-7.00 -1.33%
Volume: 18.33M
Aug. 18, 2022 1:30p
P/E Ratio
17.69
Dividend Yield
2.12%
Market Cap
NT$13613.45 billion
Rev. per Employee
NT$28.83M
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,508.05
-8.42 -0.33%
Volume: 370,841
Aug. 18, 2022 3:32p
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
61,500.00
+1,100 +1.82%
Volume: 16.36M
Aug. 18, 2022 3:30p
P/E Ratio
9.33
Dividend Yield
2.35%
Market Cap
₩410238.41 billion
Rev. per Employee
₩2.46B
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,112.80
-14.90 -0.21%
Volume: 739,018
Aug. 18, 2022 5:31p
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,814.34
-38.59 -0.33%
Volume: 0.00
Aug. 18, 2022 5:01p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,272.73
+9.97 +0.31%
Volume: 0.00
Aug. 18, 2022 4:18p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,515.89
-2.27 -0.15%
Volume: 0.00
Aug. 18, 2022 4:18p
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